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1741  Economy / Economics / Re: Can legalisation of Cannabis help US economy? on: September 13, 2020, 08:54:28 PM
I don't think it will solve the problem but it can help.

Legalization means less dirty product on the street, people not getting arrested for possession which means less time spent on chasing and processing them by the police. The police would be able to focus on real crimes instead of chasing kids.

I also don't think that alcohol is less addictive or unhealthy than weed. If alcohol is legal why not weed?
1742  Bitcoin / Bitcoin Discussion / Re: Bitcoin’s Energy Consumption Grows, Now Comparable to Czech Republic on: September 13, 2020, 08:06:38 PM
Not only that, but they also found that bitcoin mining is acting as a "buyer of last resort". Essentially, when renewable projects are producing too much electricity that they cannot sell, bitcoin mining is being set up in those areas to buy and use this excess electricity, which would otherwise be simply wasted.

Not only renewable but most electric energy sources produce more than is used and cannot store it. This surplus can be used by Bitcoin miners without any environmental impact.

Some people even go as far as using old power plants for Bitcoin mining. Places that otherwise would have been shut down and abandoned.
https://cointelegraph.com/news/russian-businessman-buys-power-stations-for-crypto-mining

1743  Other / Beginners & Help / Re: Cloud Mining Offering And How To Identify Scam[HELP] on: September 13, 2020, 07:47:07 PM
I've Checked the site and there are a lot of misleading details

We appreciate the work but you're wasting your time.

Cloud mining is a scam and all threads like that should end with this conclusion. If people were simply writing it as responses people who check out the thread would get a plain and simple message.

Their very claim of 5% a day is enough for me. Cheesy
1744  Bitcoin / Bitcoin Discussion / Re: Is bitcoin difficult to understand on: September 13, 2020, 07:30:57 PM
You only need very basic understanding of Bitcoin to use it. You don't have to spend hours learning just watch a few youtube videos, read a wallet tutorial.

To understand the basics you maybe need to spend 30 min. How much time is needed to get to know everything a user should know? 2 days? 5 days?

You spend more time learning to drive a car why would Bitcoin be difficult all of a sudden?
1745  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your take on refunding 800 BNB that are effectively burned? on: September 13, 2020, 07:13:05 PM
Then it will set a precedence, not just for Binance for any other burn token algorithm. And it will shows how powerful Binance and CZ. Don't forget about this one as well, Binance Considered Pushing for Bitcoin ‘Rollback’ Following $40 Million Hack. If he did do a rollback back then, it will be a wrong move for him. I sympathize with him, offering to help the guy, but the repercussions is big. If he wanted to show good will, give back $20k to the guy, that's it, instead of removing 800 BNB, that's just my opinion.

It sure would be a better choice to pay him back with his own money but I guess he didn't want to take responsibility for the situation. He chose to make the system responsible and show himself as the generous boss. This is all well calculated. Next time this happens people won't ask him for money directly like they would if he paid that guy. 

These are the things I am getting at. Those who are "okay" with CZ burning BNBs less the 800 that are supposed to gone permanently are underestimating the future impact of such action.

We are very critical when it comes to coins or tokens supply, from circulating to locked or to team holdings, but we're just fine if developers and owners can easily play with it?

Those who invest in BNB should know that it's a centralized token. You know what you're getting yourself into and that the coin will depend on future actions of CZ and Binance.

If Binance gets into the same trouble as Bithumb you'll be able to buy a bottle of vodka to drown your sorrows in with your whole BNB investment.
1746  Economy / Gambling discussion / Re: fortunejack withdarwal delay on: September 13, 2020, 06:41:47 PM
I think that while small withdrawals are automatic with big ones like 1 BTC a manual confirmation is needed.

You made the withdrawal right before the weekend so just wait until Monday and if nothing happens open a ticket or write an email to support.

Don't forget to tell us what happened. People often write threads to complain but forget about them when the problem gets fixed.
1747  Bitcoin / Bitcoin Discussion / Re: Spamming 547 satoshis. But why? on: September 13, 2020, 06:32:05 PM
Today BSV troll deletes all posts in his thread and writes a message to Theymos for help in Meta and someone spams bitcoin clockchain promoting BSV.

What a coincidence, wouldn't you say?

I wonder what Craig and his team are up to now  Roll Eyes
1748  Economy / Trading Discussion / Re: Is Buy and Hold Really the Best Strategy in Crypto? on: September 13, 2020, 06:12:06 PM
There are different groups of people here and each will paint you a different image.

Successful traders will tell you that they did all of it because of their skill and if you think holding is better than trading you're just bad at trading. Tone Vays likes to say similar things.
Unsuccessful traders will tell you trading sucks and you cannot predict moves well enough to come on top. Market is manipulated so you can win or lose even if you are great at TA.
Successful holders will tell you to hold because they made so much money holding that trading is unnecessary risk.

It's your choice what you decide to do.
1749  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your take on refunding 800 BNB that are effectively burned? on: September 12, 2020, 09:59:22 PM
It's a good idea by CZ, I think they should reimburse the guy who lost his coins.

If the coins got burned he will not affect the ecosystem in any way by getting them back and it's going to be a great opportunity to show good will.
1750  Alternate cryptocurrencies / Altcoin Discussion / Re: Who has the eye that looks into the future? on: September 12, 2020, 09:50:23 PM
If we lived in a naturally evolving economy it would take over but we don't.

Governments will not give up their right to make money out of thin air so fast. It's possible that some small and bankrupt countries like Venezuela will undergo such changes but most countries will not. They will choose crypto -based electronic fiat money similar to stablecoins but completely centralized.
1751  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it getting late to buy crypto again? on: September 12, 2020, 09:45:15 PM
I wouldn't be so sure about it climbing back up. It will all depend on the stock market. If it crashes we will have another selloff on Bitcoin and altcoins.

People who said that every moment is the right moment are both right and wrong. It may be the right moment in your heart but financially buying at 20 thousand dollars was not the right moment and so was buying this year at 12 thousand.
1752  Economy / Gambling discussion / Re: Be careful when you play games with your coins! on: September 12, 2020, 08:59:42 PM
OP is giving us a basic advice that is being given on this forum every month.

There are even threads started by people who won big and then lost it all because they kept playing.

Math tells you that if you hit a big win you have to stop playing. It also tells you that if you lose all you had on your account depositing another batch to win back will not increase your chances. People often forget about it and the business thrives Wink
1753  Economy / Gambling discussion / Re: Crypto gambling sites should be careful of bringing eSports in on: September 12, 2020, 08:48:50 PM
This is the wrong logic (i mean OP). All these good intentions on the one hand are fair and on the other they call for what? To KYC/AML, to canceled transactions, total control and other delights of the fiat world. I believe that teenagers are a zone of responsibility for parents and not for those who develop games or cryptocurrency.

OP seems to think that mostly young people play games so young people will also bet on them, but young doesn't mean underaged.

Most of us knew how to play card games when we were young and we played but how many of us played for money? Not many because we had very little money when we were kids and games were meant to be fun.

If a 12 year old plays playing CS hears about esports betting he won't start to gamble all of a sudden. If he had money he could gamble buying keys and trading skins.
1754  Economy / Speculation / Re: What affects the price of bitcoin and other cryptocurrencies on: September 12, 2020, 08:41:20 PM
Im pretty sure at this point it is only whales.

So in other words you think that economic situation, shutdown caused by the pandemic, the stock market crash, bitcoin bans in certain countries, exchange hacks, halvings, all that is irrelevant. All that matters is when a whale will decide to make a move. Grin
1755  Economy / Speculation / Re: If market crashes, BTC will crash twice as hard. on: September 11, 2020, 11:12:48 PM
BTC falls because the stock market can be stopped. Every time there's a crash that exceeds certain number like 5% a day they shut down the exchange and not allow any more selling.

I don't think that if stocks crash again Bitcoin will followas deep down as it did in March but a stock market crash that takes Bitcoin down to 8000 is possible, even likely. If it happens it will be this Autumn. All we can do is watch it enfold.
1756  Bitcoin / Bitcoin Discussion / Re: SEC offered a 625K bounty for a tool to track LN and Monero on: September 11, 2020, 11:00:16 PM
At some point all existing coins will become traceable but there will be new untraceable coins to fill the gap.

If you went back a few decades to the security people had on their computers in the 90s you'd be able to break it in minutes.

I remember when people thought protecting your computer with bios and windows passwords was good Wink

Many sites had bugs where you could see the password in the code if someone forgot to log out. Technology evolves so fast.

The SEC will spend a year getting it ready and another year making their people learn how to trace transactions. By that time there will be a new new privacy coins.
1757  Other / Beginners & Help / Re: Invest for beginners on: September 11, 2020, 10:28:45 PM
You made 2 big mistakes OP.

Mistake 1:

You picked cryptos based on their position on sites like coinmarketcap that cathegorize coins based on their total capitalization.

Bitcoin is nr1 so people think that alsl coins in the first 10 are good because they are so close to Bitcoin and as a result buy blind into shitcoins like XRP, BCH and BSV.

Mistake 2:

You are a beginner asking for advice but you've already bought top 2 market cap coins.

First ask for advice and learn then invest!
1758  Other / Beginners & Help / Re: Don't use your bitcointalk account password on other websites on: September 11, 2020, 10:16:15 PM
This is pretty much the most basic thing in your Internet security.

You should never use any password more than once because if you use it for more a single database leak will compromise you on multiple levels.

If you use the same password in your bitcointalk and email and the hacker somehow phishes the bitcointalk password he will also know the email and its password. Through the email he can find other sites you have used in the past because people rarely remove spam or clean trash on email accounts and all your "thank you for registering" emails can be found there.

One site - one password.
1759  Bitcoin / Bitcoin Discussion / Re: Bithumb In Trouble, Police Raids Exchange for Second Time In One Week on: September 11, 2020, 07:32:23 PM
number 1 crypto exchange in the world. It means we should always do safe ways of managing our crypto assets. Better to store them on hardware wallets if we don't use them for trading than keeping on the wallets on exchanges.



Bithumb nr 1 exchange in the world? According to whom?
By what? Volume? No. Number of users? No. Reliability? No.

You must have a different exchange in mind Wink
1760  Bitcoin / Bitcoin Discussion / Re: Bitcoin adoption because of difficulty faced by mankind on: September 11, 2020, 06:56:11 PM
Ok, fiat can be printed and it leads to high inflation rates, loss of people's savings kept in fiat money, poverty.

What makes you think instead of reseting fiat currencies also called cutting zeros, governments will trust decentralized digital currencies and give more power to their citizens?
Printing is power.
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